Australian rap star Iggy Azalea just lately launched a meme coin, Mom Iggy (MOTHER), which soared considerably. Apparently, the ETFSwap (ETFS) token additionally noticed its worth skyrocket following this improvement. These two altcoins have benefitted considerably as celebrities like Iggy Azalea enter into the crypto house.
Altcoins Rally: ETFSwap (ETFS) Soars Following Iggy Azalea’s MOTHER Meme Coin Launch
ETFSwap’s worth has skyrocketed by over 500% within the final 24 hours following the Iggy Azalea’s Mom Iggy (MOTHER) meme coin launch. ETFS, the native token of the decentralized funding platform ETFSwap, is believed to have soared as a result of the platform might turn into house to those celebrities as extra proceed to enterprise into crypto.
These celebrities are identified for diversifying their portfolio into altcoins, which is the place a platform like ETFSwap (ETFS) is available in since they will spend money on crypto belongings and exchange-traded funds (ETFs) on the platform. The funding platform tokenizes these ETFs and makes them obtainable for on-chain buying and selling.
ETFSwap (ETFS) is certain to turn into their most popular selection (over centralized buying and selling platforms) for a number of causes. For one, the platform presents an easier and safer setting for buying and selling these conventional belongings. Trading on the funding platform is extra simple since customers merely want a crypto pockets and the ETFSwap (ETFS) token to start out investing in conventional belongings.
Moreover, it’s value mentioning that the Know-Your-Buyer (KYC) necessities on the ETFSwap (ETFS) are non-mandatory, which means that customers (together with these celebrities) can rapidly get began on investing with out having to fret in regards to the pointless paperwork and verification processes that they’d often encounter in the event that they had been to make use of centralized entities.
ETFSwap (ETFS) additionally additional safeguards customers’ privateness by utilizing zero-knowledge (zk) proof know-how on the platform. Meaning customers can simply commerce with out worry of their identification being revealed.
This can be a very important function, particularly for buyers who would like to maintain their funding choices non-public and away from the prying eyes of the federal government or regulators. Customers can relaxation assured that they’re buying and selling anonymously, as even ETFSwap (ETFS) will do not know who makes the trades.
In the meantime, utilizing the ETFSwap (ETFS) is taken into account a safer technique to make investments since transactions on the platform are extremely encrypted, making them much less prone to hacks, not like the normal finance (TradFi) infrastructure. ETFSwap’s (ETFS) unparalleled safety is much more essential given the thousands and thousands of {dollars} buyers shall be seeking to spend money on these tokenized ETFs.
Iggy Azalea’s MOTHER Meme Coin Surges With Traders Making Important Beneficial properties
The Mom Iggy (MOTHER) meme coin rapidly surged to a market capitalization of $29.2 million following rap star Iggy Azalea’s revelation that she was the developer behind the coin, which was deployed on the Solana (SOL) community. Meme coin merchants are seen to have made vital beneficial properties from the surge within the Mom Iggy (MOTHER) coin’s market cap, making it one of many high gaining altcoins of the day.
On-chain analytics platform Lookonchain revealed {that a} explicit dealer turned $861 into $657,000 (a 762x acquire) in simply 5 hours by buying and selling the Mom Iggy (MOTHER) meme coin. On-chain information tracker Bubblemaps additionally revealed one other dealer who made a $2 million revenue by shopping for the Mom Iggy (MOTHER) coin simply earlier than Iggy Azalea’s revelation that she was the developer behind the meme coin.
In the meantime, Iggy Azalea has continued to actively promote the Mom Iggy (MOTHER) meme coin on her X (previously Twitter) platform. Nonetheless, the crypto’s worth has dropped to a market cap of round $16.6 million from its all-time excessive (ATH) of $29.2 million. This can be a stark reminder of the chance that comes with these altcoins that carry no intrinsic worth.
Conclusion On Altcoins Backed By Celebrities
With celebrities like Iggy Azalea set to flock to altcoins corresponding to ETFSwap (ETFS), one can solely think about the billions of {dollars} that may circulate into the funding platform day by day. These inflows will go by the platform’s native token, ETFSwap (ETFS), since that’s what they’ll convert to the ETFs of their selection.
For extra details about the ETFS Presale:
Go to ETFSwap Presale
Be part of The ETFSwap Neighborhood
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